Toast, the all-in-one restaurant technology platform and one of the fastest-growing technology companies in the U.S., today announced an additional $101 million in financing led by new investors Generation Investment Management and Lead Edge Capital. Existing investors including Bessemer Venture Partners also participated in the oversubscribed round. Toast plans to use these new funds to continue building the market-leading cloud platform that empowers restaurants of all sizes to offer the best technology-enabled guest experience.
Upserve, the industry’s leading Restaurant Management Platform, today announced a strategic investment and partnership with Vista Equity Partners (“Vista”), a leading investment firm. The partnership and capital will enable Upserve to accelerate its growth, grow its employee base, and further invest in delivering a seamless platform for restaurateurs.
Flywire, a leading provider of international payment solutions, today announced that it has acquired PACE Invoice, a multi-currency invoicing platform provider based in London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business, education and healthcare clients to more easily link invoices to cross-border receivables, saving time and costs in invoice preparation and payment reconciliation.
Numerated Growth Technologies, Inc. (Numerated), a financial technology start-up that provides a real-time commerce platform for banks, launches today following a successful spin out from Eastern Labs, the fintech incubator inside Eastern Bank, the oldest and largest mutual bank in the country.
Today, LevelUp announced that it has completed a $50 million round to continue to grow its business. Investors who participated in this round include long-time partner and investor JPMorgan Chase, US Boston and CentroCredit Bank. Chase made an initial investment in LevelUp at the end of 2015. This funding comes at a time of accelerating growth for LevelUp, which is now used by nearly a million people every month.
As reported by BostInno, RateGravity has raised just over $2M in funding. RateGravity is redefining how consumers finance their homes by eliminating the salesperson and providing a solution to compare, choose and close with vetted local lenders, saving tens of thousands of dollars in interest... READ MORE
As reported by Forbes, Kensho in Cambridge, MA has raised $50M in funding led by S&P Global with participation from Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Citigroup and Wells Fargo, General Catalyst, and Breyer Capital. Kensho is a machine intelligence company that applies AI for real-world impact across government and commercial institutions around the world... READ MORE
EverQuote, Inc., the leading online insurance marketplace in the U.S., is pleased to announce the appointment of Mira Wilczek to its Board of Directors. Mira is the President and CEO of venture incubator Cogo Labs, which has spawned 15 companies. Mira brings an impressive background as a technologist, entrepreneur, and startup advisor.
As per BostInno, Goji in Boston has raised nearly $19M of a $30M equity and debt offering. Goji is an online auto insurance firm. Its previous backers include Spark Capital, Thayer Street Partners, and others... READ MORE
First Republic Bank (NYSE:FRC), today announced it has acquired Gradifi Inc., a Boston-based student loan repayment technology platform to assist the nation's 44 million student loan borrowers.